Yan Zhi made an offer to acquire 9.5% stake in Wuhan Hanshang Group Co.,Ltd. (SHSE:600774) for approximately CNY 340 million on November 27, 2018. As per the terms, Yan Zhi will acquire 21.6 million shares at CNY 15.79 per share. The offer period is from November 30, 2018 to January 2, 2019. During the last three trading days before the expiration of this offer period, the pre-acceptance shareholders shall not withdraw their acceptance of the offer. As of December 6, 2018, the volume of pre-accepted shares is 46,470 shares. TF Securities acted as Financial consultant for Wuhan Hanshang Group Co.,Ltd. in the transaction. Yan Zhi completed the acquisition of 19.5% stake in Wuhan Hanshang Group Co.,Ltd. (SHSE:600774) on January 4, 2019.